Historic Ethiopian birr Lao kip

Ethiopian birr lao kip history for September 2023. The highest quote for this month is 364.72 (28/09/2023) and the lowest 365.9 (29/09/2023). The difference between high and low is -0.32.

ETB LAK average rate for September 2023 is 359.293, the change between 01/09/2023 and 30/09/2023 is -4.17 %.

01 September 20231 ETB = 352.9 LAK
04 September 20231 ETB = 353.5 LAK
05 September 20231 ETB = 354.1 LAK
06 September 20231 ETB = 354.2 LAK
07 September 20231 ETB = 357.1 LAK
08 September 20231 ETB = 357.3 LAK
11 September 20231 ETB = 356.0 LAK
12 September 20231 ETB = 358.5 LAK
13 September 20231 ETB = 358.5 LAK
14 September 20231 ETB = 358.5 LAK
15 September 20231 ETB = 359.6 LAK
18 September 20231 ETB = 359.8 LAK
19 September 20231 ETB = 360.8 LAK
20 September 20231 ETB = 361.5 LAK
21 September 20231 ETB = 361.6 LAK
22 September 20231 ETB = 362.9 LAK
25 September 20231 ETB = 361.2 LAK
27 September 20231 ETB = 364.5 LAK
28 September 20231 ETB = 366.0 LAK
29 September 20231 ETB = 367.6 LAK

01/01/2021: Digitalization of the kip

The Bank of the Lao PDR introduced digital payment systems and promoted cashless transactions to modernize the use of the kip in the digital era.

14/10/2013: Kip exchange rate liberalized

Laos liberalized its exchange rate regime, allowing the kip's value to be determined by market forces, leading to fluctuations in its value.

10/09/2008: Introduction of Birr Denominations

Ethiopia introduced new banknotes of different denominations in an effort to combat counterfeiting and improve security features.

02/07/1997: Lao kip devalued

Amidst the Asian financial crisis, the Lao government devalued the kip by approximately 20% against the US dollar.

27/05/1991: Introduction of Birr Coins

Ethiopia introduced coins for the birr denominations, replacing the previous notes.

02/05/1980: Revaluation of the kip

The Lao government initiated a revaluation of the kip, resulting in the exchange rate of 1 new kip to 100 old kip.

02/12/1976: Kip becomes the sole legal tender

The Lao kip was declared as the sole legal tender in Laos, replacing the use of other currencies within the country.

17/09/1976: Introduction of New Birr

A new birr was introduced, replacing the previous Ethiopian birr and being equal to 100 old birr.

01/01/1952: Currency reform

Laos implemented a currency reform that replaced the French Indochinese piastre with the new kip, at an exchange rate of 100 new kip to 1 old piastre.

12/10/1945: Lao kip introduced

The Lao kip was first introduced as the official currency of Laos following the country's liberation from French colonial rule.

08/07/1945: Decree to Change Birr Decimalization

Ethiopia changed the birr decimalization from talari and ghersh to dollars and cents.

31/12/1931: Introduction of Ethiopian birr

The Ethiopian birr was introduced as the official currency, replacing the Maria Theresa Thaler.

05/07/1931: Ethiopian Monetary Authority Established

The Ethiopian Monetary Authority was established to regulate the country's monetary system and issue currency.

14/02/1894: Introduction of Maria Theresa Thaler

Ethiopia adopted the Maria Theresa Thaler as the official currency, which remained in circulation until 1935.